Company Interview / Wisr returns to growth

Key points:

Achieved 100% growth in loan originations, $824 million loan book Improved loan arrears to 1.4% and increased automation to 80% New $267 million warehouse facility enhances funding capacity FY26 guidance of 40%+ loan origination growth and 15%+ revenue growth

Wisr (ASX:WZR) reports a strong return to growth, achieving $422 million in loan originations for FY25, up 100% compared to the previous period. CEO Andrew Goodwin states that the company ends the year with a loan book at $824 million, a 7% increase. He highlights an improvement in credit quality and reductions in arrears, with 90-day overdue loans down to 1.4%. Revenue was reported as stable at $91.6 million, but a stronger second half pushed EBITDA profit to $800,000, a significant increase from the prior year.

Goodwin outlines that macroeconomic conditions, including a loosening monetary policy environment and strong employment in Australia, create favourable circumstances for lending businesses like Wisr. He asserts that lower funding costs and stronger consumer sentiment support ongoing loan book and revenue growth. Automation remains a focal point, with 80% of credit approvals now automated, rising from 69% a year earlier. Goodwin claims that an improved arrears management platform is contributing to lower net losses and stronger portfolio performance.

Wisr has also expanded funding capacity with a new $267 million warehouse facility from Barclays. Looking forward, Goodwin provides guidance of 40%+ growth in loan originations and at least 15% revenue growth for FY26, predicting ongoing progress and benefits for shareholders and customers alike.